Africa-Press – Cape verde. The Government will amend the proposal to revise the statutes and organizational structure of the Financial Information Unit (FIU) to allow the reinforcement of its operational and functional competence, announced this Monday, the Minister of Justice.
Joana Rosa, speaking at the Opening of the workshop for the elaboration of the National Strategy for Preventing Money Laundering and Combating Financing of Terrorism”, which will take place in the City of Praia from the 14th to the 16th of this month and that the proposal for revision is now ready and will make the FIU autonomous and independent.
However, she said that the Financial Action Task Force (FATF) evaluated Cabo Verde in 2020. In addition, it left 40 recommendations on international requirements regarding economic and financial crime.
In this sense, we are working on a package that aims to amend the legislation to also include non-financial entities, insurance companies and a range of subject entities and we are defining a legal basis that the country can have at this level. Moreover, with the national strategy level, comply with the recommendations of the Financial Action Task Force (FATF) she pointed out.
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